Executive Briefings

Does Robust Trade in Used Class 8 Trucks Signal Shift Away From New Ones?

Used Class 8 truck same-dealer sales volumes continued to show volatility in August, yet remained on a positive trend, including a 19 percent increase over July.

Does Robust Trade in Used Class 8 Trucks Signal Shift Away From New Ones?

Enhanced by the latter, long-term comparisons show 2016 being off by only 2 percent year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Higher than normal late summer sales could signal truck buyers are opting to purchase used trucks over new ones,” said Steve Tam, ACT’s vice president for the commercial vehicle sector. He added, “Strong sales were a common theme across all three market segments, with retail posting a 12 percent increase month-over-month, and wholesale and auction improving 33 percent and 59 percent month-over-month, respectively.”

The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

Source: ACT Research

Enhanced by the latter, long-term comparisons show 2016 being off by only 2 percent year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Higher than normal late summer sales could signal truck buyers are opting to purchase used trucks over new ones,” said Steve Tam, ACT’s vice president for the commercial vehicle sector. He added, “Strong sales were a common theme across all three market segments, with retail posting a 12 percent increase month-over-month, and wholesale and auction improving 33 percent and 59 percent month-over-month, respectively.”

The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

Source: ACT Research

Does Robust Trade in Used Class 8 Trucks Signal Shift Away From New Ones?